New base Hyundai EV to battle Model Y

Hyundai is expanding its electric lineup with an entry-grade Elexio base model aimed at competing as China’s new-brand wave intensifies in local markets. The Elexio, built by Beijing Hyundai (a Hyundai state-backed joint venture with BAIC), launched in February as a single-motor, front-wheel-drive, five-seater in an Elite grade. Now a cheaper Elexio version cuts the entry price from $61,990 to $58,990 (both before on-road costs), placing it near rivals including BYD Sealion 7 and Tesla Model Y. Hyundai says the cost reduction keeps major equipment such as dual-zone climate control, a 27-inch touchscreen, Android Auto/Apple CarPlay, wireless charging, a head-up display, and a full safety suite. Paying an extra $3,000 brings heated/ventilated front seats, a heated steering wheel, a power tailgate, and 20-inch rims.